Export trade is regulated by the Directorate General of Foreign Trade (DGFT) and its regional offices, functioning under the Ministry of Commerce and Industry, Department of Commerce, Government of India. Policies and procedures required to be followed for exports from India are announced by the DGFT, from time to time.
We are aware that, for export of services, receipt of consideration is one of the pre-requisite conditions to be considered as export of service in GST. Such conditions are prescribed even for export of goods. In this article, we study regulations connected to FEMA provisions v/s GST laws.
Source Taxguru
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